/biz/ - Business & Finance

Continued..


>Global macro long-term trends

People managing billion dollar portfolios see a new type of systemic risk - the international financial system becoming destabilized due to trump/brexit/china/euro banks/etc. A lot of catalysts for a fundamental shift.

See: Gold breaking key resistance, hype around Libra.

>Concerns leading consolidation to BTC.

No major asset manager has much faith in anything other than BTC (and maybe Libra, once Libra is a thing).

Why? A few reasons.

A) Crypto is a historical anomaly in the amount of brain power that has gone into the space. Despite this massive inflow of intellectual horsepower, there isn't much to show for it. There are a few narratives that explains this, but generally

1) 'Blockchain' versus cryptocurrencies
2) Just use a fuckin database

B) BTC is 'millennial gold'. Ultimately, its a place on independence from the global financial structure. That is how the big boys are playing it.
If you all have any questions, I can answer them. I work on a trading desk for one of the world's largest broker/dealers (I'm not a trader, however).